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527 Colyton St - Palmetto Colyton 1.38 Acres of Residential Land in Los Angeles, CA 90013
INVESTMENT HIGHLIGHTS
- Vested Prior to Measure JJJ - Unlocking Lower Costs
- Proposed entitlements for a 21-story, 346-unit mixed-use development.
- Covered Land Development Site.
- Well-suited for a transformative mixed-use project - ±59,967 SF of Land in the Arts District.
- Potential for interim income through parking and film.
EXECUTIVE SUMMARY
Colliers is pleased to present 527 Colyton Street, a premier block-to-block development opportunity spanning 59,967 square feet in one of the most sought-after locations in the Downtown Los Angeles Arts District. Situated in the epicenter of creativity, culture, and rapid growth, the property offers a rare canvas for transformative development.
There are currently proposed entitlements for a 21-story, 346-unit mixed-use development – the Prospective Purchaser has the ability to move forward with the proposed high-rise vision or reposition the site for a mid-rise alternative to better suit their development strategy. The property’s entitlement application was submitted before the implementation of Los Angeles’ Measure JJJ. As a result, future development is not subject to prevailing wage requirements or the increased affordable housing mandates imposed by JJJ. This significantly reduces construction costs and increases project flexibility, offering a rare benefit in today’s regulatory environment.
The property features an existing ±11,000 square foot leased structure that provides income. Additionally, the large on-site parking area presents opportunities for supplementary revenue through parking operations and film production uses while entitlements are in progress.
527 Colyton presents a compelling opportunity to shape the future of the Arts District with a bold, highly visible project in one of Los Angeles’ most dynamic urban neighborhoods.
There are currently proposed entitlements for a 21-story, 346-unit mixed-use development – the Prospective Purchaser has the ability to move forward with the proposed high-rise vision or reposition the site for a mid-rise alternative to better suit their development strategy. The property’s entitlement application was submitted before the implementation of Los Angeles’ Measure JJJ. As a result, future development is not subject to prevailing wage requirements or the increased affordable housing mandates imposed by JJJ. This significantly reduces construction costs and increases project flexibility, offering a rare benefit in today’s regulatory environment.
The property features an existing ±11,000 square foot leased structure that provides income. Additionally, the large on-site parking area presents opportunities for supplementary revenue through parking operations and film production uses while entitlements are in progress.
527 Colyton presents a compelling opportunity to shape the future of the Arts District with a bold, highly visible project in one of Los Angeles’ most dynamic urban neighborhoods.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.38 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | M3 - Industrial | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.38 AC |
| Opportunity Zone |
Yes |
| Zoning | M3 - Industrial |
1 LOT AVAILABLE
Lot
| Lot Size | 1.38 AC |
| Lot Size | 1.38 AC |
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $6,520,031 | Total Assessment | $6,520,031 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,520,031
Improvements Assessment
$0
Total Assessment
$6,520,031
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527 Colyton St - Palmetto Colyton
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